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Jan 25, 2013
01/13
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euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an
euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people....
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Jan 31, 2013
01/13
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CNBC
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they booked a $1 billion euro litigation charge, almost 2 billion euros to pay for restructuring. sylvia is in frankfurt, rejoins us. plenty of focus, as well, on the capital levels, sylvia. >> that's at least what the markets are clearly focused on. the write-downs or the risk provisions, not a big surprise. maybe the number was a surprise. but they didn't -- clearly didn't put enough money aside in the previous quarters. so maybe that was even some good news for the taking out of there, finally they woke up to the reality that they might have to pay out more than they originally planned. the operational side, not good, but no really nasty surprises. restructuring costs, again, of postbank of the higher side of the market has expected. the numbers were below expectations. but ultimately, the market gave it almost a thumbs up and saying, okay, we hone in op on the capital numbers on the key data. we hone in on the statement from the ceos, from theco ceos at the press conference. we don't need to go into the capital markets with a capital increase. that was taken as positive news.
they booked a $1 billion euro litigation charge, almost 2 billion euros to pay for restructuring. sylvia is in frankfurt, rejoins us. plenty of focus, as well, on the capital levels, sylvia. >> that's at least what the markets are clearly focused on. the write-downs or the risk provisions, not a big surprise. maybe the number was a surprise. but they didn't -- clearly didn't put enough money aside in the previous quarters. so maybe that was even some good news for the taking out of there,...
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Jan 8, 2013
01/13
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KCSMMHZ
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he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is especially business friendly, which is why thousands of businesses are headquartered, at least on paper, here. a growing number of greek businesses are here as well. christoph knows why. he has just helped a company set up business. in switzerland, the corporate tax rate is just 5%, compared to 20% in greece. he shows colleagues how he said it up. tax breaks are one of several factors that make switzerland highly attractive to businesses. >> if you base your business here, you are in good company, international company. there is a host of inter
he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is...
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Jan 30, 2013
01/13
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CNBC
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euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some four-year high after the share buyback plan and lifted its full-year operating profit in dividend forecasts. >>> in china the shanghai composite extended a three-day winning streak ending higher by 1%. beijing announced new measures to open its stock market to taiwan, boosting sentiment. the property index jumped 2% lifted by talk that beijing is willing to tolerate mild home price increases. hong kong gained % helped by china-related counters in the gaming sector. lenovo retreated 2.7% ahead of earning. after the bell, the p.c. maker reported another record quarter in both sales and earnin
euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some...
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the euro probably had some. what it did with the creation of the year when the countries came in when it really came in they had before the euro. industry to run twelve percent fourteen percent that had a devaluation premium in and when they joined the or suddenly they were all the. you know four percent four percent or below and this encouraged countries now with no dead it can add more to. give the wrong message because what they should have realized is that this these debts now are so euro debt no longer drachmas are clear that it can't devalued them away you're stuck with this and maybe in retrospect it might have been wise for countries of the high debt not to lock themselves into that fixed at her to have a devaluation in inflation before but nobody wanted to do that and if they. murdered risk not being able to make that deadline of nine hundred ninety nine of getting all those countries into the euro zone and and because. you know a moment the political moment may have been missed and may not have come up
the euro probably had some. what it did with the creation of the year when the countries came in when it really came in they had before the euro. industry to run twelve percent fourteen percent that had a devaluation premium in and when they joined the or suddenly they were all the. you know four percent four percent or below and this encouraged countries now with no dead it can add more to. give the wrong message because what they should have realized is that this these debts now are so euro...
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Jan 1, 2013
01/13
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KCSMMHZ
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in return, she will receive 750 euros per donation. that is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep working towards my master's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations, hormone treatment, and egg extraction. anna needs the money. although she is 26, she is almost too old. this clinic is looking for even younger donors, and it has plenty of applicants to choose from. >> every day, we get calls from two or three women who want to donate eggs. we now have a list of 200 donors, even though we do not have that many potential recipients. >> donating eggs is a lucrative source of income. although in spain it is illegal to sell them, donors receive money in the form of compensation. four years ago, this professor was a member of spain's
in return, she will receive 750 euros per donation. that is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep working towards my master's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations,...
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Jan 13, 2013
01/13
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KRCB
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another was offered 15,000 euros a month for three years. then he too has the gold makes the rules after all. >> he was always part of the system. it is not as if he fell from the sky with his pockets full. he took full advantage of the political system in austria for many yea. he hadhe former chancellor on his supervisory board, and he had former general secretaries and a finance minister. he made the whole system work for him, and he made a good business out of it. >> it seems to have paid off. according to surveys, his party could make in 13% of the vote in next fall's elections. that is as many as the greens. his mp's furiously denied being bought. >> i would have paid moneyo jo. i was frustrated that nothing was progressing in austria, and now there is a way to set things in motion. we have the necessary publicity and opportunities because he is financially independent. >> he is certainly not tied to convention. the 80-year-old addresses everyone informally. his followers find him refreshing. >> he is really the messiah of austria. he f
another was offered 15,000 euros a month for three years. then he too has the gold makes the rules after all. >> he was always part of the system. it is not as if he fell from the sky with his pockets full. he took full advantage of the political system in austria for many yea. he hadhe former chancellor on his supervisory board, and he had former general secretaries and a finance minister. he made the whole system work for him, and he made a good business out of it. >> it seems to...
SFGTV2: San Francisco Government Television
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Jan 14, 2013
01/13
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SFGTV2
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there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of amsterdam, they are also supporting this approach. they realize if they just press on the car accessibility only, in the end there will be no excess ability at all. they support strongly that only the people who need to come by car, they should be able to come, and the rest should make other choices. >> i think we are more or less at the stage where we are facing the same discussion. our experience is that a platform of business is much more open to try to find solutions which are not car- related, except for here and there. also, for the population, it is hard. they have in mind, if you are better off to
there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of amsterdam, they are also supporting this approach....
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Jan 20, 2013
01/13
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KRCB
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eye 92
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he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years with interest on top. so there's no question of retirement. my son supports me, so i can come up with the money. but we might end up having to sell the house because we are running out of money. and we are running out of the energy to scrape it together every month. emma the president's new year speech from the prague castle, residents of the czech presint out rage -- >> the president's new year speech. it took nearly half a second to mention the amnesty. one of every four prisoners in the czech republic walk free. 6000 people altogether. and several ca
he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years...
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Jan 18, 2013
01/13
by
LINKTV
tv
eye 75
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another was offered 15,000 euros a month for three years. then he too has the gold makes the rules after all. >> he was always part of the system. it is not as if he fell from the sky with his pockets full. he took full advantage of the political system in austria for many years. he had the former chancellor on his supervisory board, and he had former general secretaries and a finance minister. he made the whole system work for him, and he made a good business out of it. >> it seems to have paid off. according to surveys, his party could make in 13% of the vote in next fall's elections. that is as many as the greens. his mp's furiously denied being bought. >> i would have paid money to join. i was frustrated that nothing was progressing in austria, and now there is a way to set things in motion. we have the necessary publicity and opportunities because he is financially independent. >> he is certainly not tied to convention. the 80-year-old addresses everyone informally. his followers find him refreshing. >> he is really the messiah of austr
another was offered 15,000 euros a month for three years. then he too has the gold makes the rules after all. >> he was always part of the system. it is not as if he fell from the sky with his pockets full. he took full advantage of the political system in austria for many years. he had the former chancellor on his supervisory board, and he had former general secretaries and a finance minister. he made the whole system work for him, and he made a good business out of it. >> it seems...
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Jan 29, 2013
01/13
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KCSMMHZ
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brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's never- ending fight against tax evasion. the so-called financial police is se
brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies....
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Jan 26, 2013
01/13
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LINKTV
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the models cost between 300 euros and 3000 euros per day depending on how in-demand they are. if another designer can offer more, he will lose out. >> money is what it is all about. we come to a fashion trade fair to find out how the clothes get from the cat look to the store. it looks like we may be a bit early. they are still setting up. here they are -- the clothes we saw during the casting. they are being displayed by the sales agent responsible for selling the close to retailers. she is already looking at stress. -- a bit stressed. she said she has things to organize, and mitchell is not there yet. >> we take a look around the trade fair. there were 900 brands there. all kinds of styles, and lots of eccentric fashion bases. these clothes will not be in stores until next winter. it is a paradise for fashion diehards. it is exciting even for us. >> as the fare gets going, more and more buyers arrive from small boutiques and department stores. melanie is showing off her work. >> this is a collection from a berlin designer. >> the pieces will cost at least 500 euros with a hi
the models cost between 300 euros and 3000 euros per day depending on how in-demand they are. if another designer can offer more, he will lose out. >> money is what it is all about. we come to a fashion trade fair to find out how the clothes get from the cat look to the store. it looks like we may be a bit early. they are still setting up. here they are -- the clothes we saw during the casting. they are being displayed by the sales agent responsible for selling the close to retailers. she...
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Jan 21, 2013
01/13
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FBC
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do i need to be looking at using the yen or the euro for example to do my investments? >> at times yes and at times no. you have to be very careful in terms of when you're picking to invest in the alternative vehicles, investing in the foreign markets. the nikkei has been on fire since, you know, this new regime there in japan has come on board. you know, soaring about 20% over the last couple of months. you know, a lot of talk has always been about china or some of these other emerging markets, your brazils, and so forth. you need to be careful due to the exposure. if you don't want to pick or choose, you can be invested in the markets and then do some things with currencies with us. cheryl: we will do segments and hear someone say well the dollar is the world's currency, that is in jeopardy, the dollar is falling out of favor, how much do you put into that? how much do you worry about that type of thing? >> let's consider how much stimulus we have already provided into the markets and let's really consider that the dollar really hasn't declined that much at all relati
do i need to be looking at using the yen or the euro for example to do my investments? >> at times yes and at times no. you have to be very careful in terms of when you're picking to invest in the alternative vehicles, investing in the foreign markets. the nikkei has been on fire since, you know, this new regime there in japan has come on board. you know, soaring about 20% over the last couple of months. you know, a lot of talk has always been about china or some of these other emerging...
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and staying with the currency markets russia may soon be dumping the euro the government has announced plans to review its foreign currency reserves you know gold piece going off as more russia's gold and currency reserves are estimated at around five hundred billion euros dollars it's quite a basket this needs protection especially in times of global economic turbulence right now around forty two percent of reserves are held in the euro denominated assets while the rest are mostly in u.s. but according to the prime minister the moscow is now considering swapping a part of its europe reserves for equities in other currents so when we see the usual bass decrease and other currencies enter the steaming the chinese yuan or even the russian ruble this could be a troubling signal for the euro especially if other currencies follow the trend like china which holds a quarter of its deserves in europe that's around eight hundred billion us dollars you can imagine the importance of these investments and what could happen if a domino effect takes place. i've got a piece going off reporting for us
and staying with the currency markets russia may soon be dumping the euro the government has announced plans to review its foreign currency reserves you know gold piece going off as more russia's gold and currency reserves are estimated at around five hundred billion euros dollars it's quite a basket this needs protection especially in times of global economic turbulence right now around forty two percent of reserves are held in the euro denominated assets while the rest are mostly in u.s. but...
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considering swapping a part of its europe reserves for equities you know other currents so when we see the euro bass decrease and other currencies enter the steamie the chinese yuan or even the russian people this could be a troubling signal for the euro especially if other currencies follow the trend like china which holds one of the europe that's around eight hundred billion us dollars you can imagine the importance of these investments and what could happen if a domino effect takes place and finally you see a hat some bro actually and it's really not just a hat it's a matter of brand protection colombia is taking steps to protect one of its national symbols the sum bro the country has banned of the sale of cheap chinese knockoffs that are killing the local brand chinese made imitations of the black and white some bros sell for half the twenty the price for a twenty excuse me half the twenty dollars price of the least expensive originals artisans spend up to fifteen days cutting sun drying and braiding cane leaves to make a single hat the chinese knockoffs are plastic and a machine made viola
considering swapping a part of its europe reserves for equities you know other currents so when we see the euro bass decrease and other currencies enter the steamie the chinese yuan or even the russian people this could be a troubling signal for the euro especially if other currencies follow the trend like china which holds one of the europe that's around eight hundred billion us dollars you can imagine the importance of these investments and what could happen if a domino effect takes place and...
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Jan 29, 2013
01/13
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KCSMMHZ
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you're a -- euro stoxx 50 a tad higher. across the atlantic on wall street, the dow at this hour trading well up at 13,957. >> in just a few moments, we will be looking at how important it is to take an actual break. >> more on that in a minute, but first, a look at other stories making the news. >> floods have killed 30 people and displaced more than 150,000 in mozambique in southern africa. the united nations is mounting an appeal for at least 50 million euros to deal with the crisis. more rain is forecast for the coming days. >> the residents of beijing have been warned again to avoid going outdoors due to a dangerous mob. toxins in the air have been measured it 20 times higher than levels deemed safe to breathe. the smog has been suffocating the chinese capital for weeks. hospitals have reported a spike in patients with respiratory problems, including many children. >> workers protesting the closure of several belgian steel plants have clashed with police. it will shut down most of its production lines in belgium, costi
you're a -- euro stoxx 50 a tad higher. across the atlantic on wall street, the dow at this hour trading well up at 13,957. >> in just a few moments, we will be looking at how important it is to take an actual break. >> more on that in a minute, but first, a look at other stories making the news. >> floods have killed 30 people and displaced more than 150,000 in mozambique in southern africa. the united nations is mounting an appeal for at least 50 million euros to deal with...
WHUT (Howard University Television)
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Jan 28, 2013
01/13
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WHUT
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we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of confidence in the european project and the eurozone project, losing several banks, people on the streets, riots. (singing) (instrumental music) >> the u.s. treasury secretary tim geithner, concerned about the eurozone crisis, sought a meeting with the german finance minister wolfgang schauble on his holiday. in a statement, they said there was a need for global cooperation to resolve debt problems. >> as the european union's greatest ally and trading partner, what can the u.s. do to prevent a break up? >> well the eurozone is of course america's leading trade partner. and as a consequence, if the eurozon
we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of...
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Jan 6, 2013
01/13
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KRCB
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it has cost greece and the eu 10 million euros. iom officials know that many immigrants fear for their safety. the head of the commission says he wants to send a message about the harsh realities of migration. >> we go to their countries of origin and show them real images of what is going on here, the people that live 50 in one room, the others that are homeless. all these bad things that are happening, so they wil kw that this is not a game. >> akibar has received the message loud and clear. he is on the list for a return flight, although he is not optimistic about his prospects. >> my dream is to have a small clothing store, but i have no money. >> it is time to leave, even though his asylum application would have had good chances under normal circumstances. daniel estras acknowledges this. >> we want to make sure that even last minute, they know their rights, and they know there is a chance they will get asylum even if they will apply, but once -- what we see is once they are decided, determined to get back, they never get back
it has cost greece and the eu 10 million euros. iom officials know that many immigrants fear for their safety. the head of the commission says he wants to send a message about the harsh realities of migration. >> we go to their countries of origin and show them real images of what is going on here, the people that live 50 in one room, the others that are homeless. all these bad things that are happening, so they wil kw that this is not a game. >> akibar has received the message loud...
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Jan 22, 2013
01/13
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CNBC
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. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one ratio of decliner toes advancers. the ftse d
. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s....
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Jan 23, 2013
01/13
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KCSM
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the euro stocks 50 also down. dow jones slightly higher at 13,694 and eurodollars is unchanged. what japan is pulling out all of it stops in its fight against deflation. the new government announced a round of fiscal stimulus. >> promising unlimited monetary stimulus until inflation hits 2%. >> he got his way. the prime minister has been pressuring the bank of japan to do more to help economic recovery. the bond buying program is a big part of it. he said it will be a shift. >> together with the central inflation target of 2%. that is a revolutionary appointment that puts our fiscal policies on an entirely new foundation. >> over the last few decades, japan has bought deflation. previous efforts have failed. the bank of japan says they will print new money until prices began to rise. japan needs a vibrant economy to bring down its mountain of debt equivalent to 235% of gdp compared to 110% in the united states and spain's load of 90% of gdp. traders in tokyo appear unimpressed. the nikkei dropped on the day. >> it is a dispute that has been literally brewing for years. a top eur
the euro stocks 50 also down. dow jones slightly higher at 13,694 and eurodollars is unchanged. what japan is pulling out all of it stops in its fight against deflation. the new government announced a round of fiscal stimulus. >> promising unlimited monetary stimulus until inflation hits 2%. >> he got his way. the prime minister has been pressuring the bank of japan to do more to help economic recovery. the bond buying program is a big part of it. he said it will be a shift....
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value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for russia it may. i'm a straight saw resilience. looking for the real to be relatively stable in the i think i don't see big drops in energy prices and i think a flat to moderate energy price and gives us a stable ruble so i think the ruble will tend to attract sideways this year and b if you think about the level of volatility we've experienced in the past even two thousand and twelve was a relatively stable year by historic standards and i think we'll have an and pricewaterhouse coopers they've also just released that business of a f
value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for...
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Jan 7, 2013
01/13
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LINKTV
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 28, 2013
01/13
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CNBC
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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...
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Jan 7, 2013
01/13
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KCSMMHZ
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 24, 2013
01/13
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CNBC
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. >> the euro is really interesting here. every other country out there views the weak dollar as a problem except for the ecp. this is insanity on their part. even the bank of canada backed down on their hawkish commentary. the only country not doing this for the area is the eurozone. so this is awesome. even euro aussie fell quite a bit. then the little question of the uk pulling out of the eurozone. that's helping the euro stand tall even though these other currencies weakened quite a bit. >> what about the other levels? you weaken the chart and that is not far from 135. what kind of trade do you want to make? >> right. a real short term one and based on the ltro bank pay back tomorrow that we get out of the ecp. basically the mark set looking for a hundred billion on this. if it is above 125 if it is above above euros. so i will take a chance this things goes up so i want it buy at 133.25 and look for 150 point on the upside. again, short term trade. the ecb doesn't get it and should not be talking a stronger euro. >> you
. >> the euro is really interesting here. every other country out there views the weak dollar as a problem except for the ecp. this is insanity on their part. even the bank of canada backed down on their hawkish commentary. the only country not doing this for the area is the eurozone. so this is awesome. even euro aussie fell quite a bit. then the little question of the uk pulling out of the eurozone. that's helping the euro stand tall even though these other currencies weakened quite a...
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Jan 28, 2013
01/13
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CNBC
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people right now are constructive on the euro and stabilization of euro and constructive on possible growth. the name of the event was dynamic resilience, talks about the world recovering. i think these guys are going to be right, we will probably have a good stock market. this has been a well orchestrated rally, induced by central banks, my honest belief. if you get a buzz out of the federal reserve they say we will pull back a bit, the market will crack. >> any whiff or that, what happened in the month or so in the minutes spooked the market. >> a couple things going on. good fundamentals, accomodative fed. in the wave of a secular bull market. the good news is out-weighing the bad news right now and any slight bad news will trip up the market in the short term. it needs to be cautious here. >> let's bring up david beanco, chief equity strategist. welcome back to halftime. >> hello. good to see you. >> 1600 was the target used. anthony talked about resilient and talked about it in davos and could explain the stock marketed. >> resilience and since the recovery and recession we've s
people right now are constructive on the euro and stabilization of euro and constructive on possible growth. the name of the event was dynamic resilience, talks about the world recovering. i think these guys are going to be right, we will probably have a good stock market. this has been a well orchestrated rally, induced by central banks, my honest belief. if you get a buzz out of the federal reserve they say we will pull back a bit, the market will crack. >> any whiff or that, what...
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half percent this year that's definitely much higher than the numbers we're going to see out of the euro zone so we asked to join ferraro verne's thing young what he thought about and he said that global c.e.o.'s at the moment are actually starting to look beyond these so-called bricks for investment opportunities. and in now looking beyond the bricks. and actually cited for turkey indonesia mexico and south africa and they the c.e.o.'s eighty two percent of them said they plan to invest for the first time or incremental investment in those markets so the brics will always have the luster they have eighty five percent or so of the developing world g.d.p. but i think now what companies are realizing that you can't have a one size fit all two to the emerging markets and they're looking beyond the brics for where the niche is that they can really find some opportunity unique opportunity. to africa could end deed be the next hot spot of economic growth as a touch on political reforms. most news from africa is usually bad poverty droughts rampant aids conflicts but a real game changer is ofte
half percent this year that's definitely much higher than the numbers we're going to see out of the euro zone so we asked to join ferraro verne's thing young what he thought about and he said that global c.e.o.'s at the moment are actually starting to look beyond these so-called bricks for investment opportunities. and in now looking beyond the bricks. and actually cited for turkey indonesia mexico and south africa and they the c.e.o.'s eighty two percent of them said they plan to invest for...
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live from the world economic forum in davos friday was a pretty busy day here first the future of the euro zone was in focus with the president of the european central bank home mario drawee telling the audience that he thinks the european economy is going to recover and he sees that happening in the second half of this year he also says the question of austerity measures versus growth doesn't really make any sense to him he said the austerity measures are definitely quote by the avoidable the developing countries and to the emerging economies were also very much in the spotlight here today the most recent i'm out of data actually shows that the brics will grow five and a half percent this year that's definitely watch higher than the numbers we're going to see out of the euro zone so we asked to join ferraro verne's thing young what he thought about it and he said that global c.e.o.'s at the moment are actually starting to look beyond these so-called bricks for investment opportunities. and then now looking beyond the bricks. and actually cited for turkey indonesia mexico and south africa
live from the world economic forum in davos friday was a pretty busy day here first the future of the euro zone was in focus with the president of the european central bank home mario drawee telling the audience that he thinks the european economy is going to recover and he sees that happening in the second half of this year he also says the question of austerity measures versus growth doesn't really make any sense to him he said the austerity measures are definitely quote by the avoidable the...
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vote to head towards the exit i was his long awaited european speech indicted he plays many of those euro skeptics within his tory party there are many dieties u.k. business leaders for example say that even talking about an exit at this stage will create uncertainty and could scare away potential investors germany's chancellor angela merkel has said that perhaps a compromise is needed but other e.u. members are less sympathetic than mark says that the e.u. is not a self-service buffet where members can cherry pick the legislation that happens speaking to said the e.u. would simply become a mess so while david cameron appears to solve any internal squabbles within his own party particularly appeasing those euro skeptics it also appears that he is driving a wedge between britain and other e.u. member states andrew farmer. london. european parliament member and deputy leader of the u.k. independence party paul nuttall says the prime minister is once again just trying to delay solving the long standing issue. the point is that it's going to be nigh on impossible we've had. the president of t
vote to head towards the exit i was his long awaited european speech indicted he plays many of those euro skeptics within his tory party there are many dieties u.k. business leaders for example say that even talking about an exit at this stage will create uncertainty and could scare away potential investors germany's chancellor angela merkel has said that perhaps a compromise is needed but other e.u. members are less sympathetic than mark says that the e.u. is not a self-service buffet where...
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Jan 23, 2013
01/13
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FBC
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the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing director at sierra investment management. tim at the cme. i would say everybody is focused on apple right now. what are expectations in chicago? >> everybody is focused, but i am not so sure it is this quarter. what they will do for the quarter and in march. it will really be key, specifically apple lowers expectations, but the concern is they might not get away with it this time. having said that, why i say this quarter may not be so big. they were originally looking for $11.77 or sure. they have already raised estimates, the report the other day now expectations are a little bit for this quarter, so watch the march quarter. the guidance they give will be the focus. sandra: we're also
the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing director at sierra investment management. tim at the cme. i would say everybody is focused on apple right now. what are expectations in chicago?...
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s prime minister offering britain a say on exit in the euro is the issue causing tension i report on that in just a couple of minutes here on tape also struggling to dig themselves out of debt as payday loans cash strapped families with promises of instant money and other stories right after this break. well with. out of sight but still on our minds. let's try to live smarter with smartphones you never know what some people are hiding things can be sure to prove to the molecular level learned that what the doctor ordered is often based on secrets under our skin let us shine the light on a kid in the world. of. the future. me it is eve he. says. choose your language call it makoto in federal court today still some of the. treatments look the consensus get closer. to the opinions the bigger a couple of. the stories get in high winds chills the access to officers. least be cool language. programs and documentaries in arabic it's all here on. reporting from the world talks books that will be ip interviews intriguing story for you. in trying. to find out more visit our big. dog called. wh
s prime minister offering britain a say on exit in the euro is the issue causing tension i report on that in just a couple of minutes here on tape also struggling to dig themselves out of debt as payday loans cash strapped families with promises of instant money and other stories right after this break. well with. out of sight but still on our minds. let's try to live smarter with smartphones you never know what some people are hiding things can be sure to prove to the molecular level learned...
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Jan 11, 2013
01/13
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LINKTV
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euros a year. >> i think it's a process that we will have to involve the state in, at a later date. small farmers can't afford it by themselves. the premiums are still too high and the scheme pobably can't work without state support. valentÍn ruiz and the other banana producers won't be taking out insurance against el niÑo this year. they can't afford it. they've recently invested in 18 new dykes. they're a form of insurance too. >> if it floods here, the water level reaches up to here. the dykes break the force of the water preventing the plantations from getting flooded. up to 19 thousand crates of organic bananas are exported from here every week. the producers spent 1 dollar per crate on dykes, bridges and secure pathways. just in case el nino strikes again. >> and now we'd like to find out what tasty snack you enjoy when you are on the go. so if you have a recipe you want to send us, here is how it goes -- and there's also something in it for you. >> savory or sweet, heavy or light, what is your choice? send us a photo of your favorite snack and when our global snack apron. s
euros a year. >> i think it's a process that we will have to involve the state in, at a later date. small farmers can't afford it by themselves. the premiums are still too high and the scheme pobably can't work without state support. valentÍn ruiz and the other banana producers won't be taking out insurance against el niÑo this year. they can't afford it. they've recently invested in 18 new dykes. they're a form of insurance too. >> if it floods here, the water level reaches up to...
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countries will be coming as weaker because of the current situation with the european union and the euro zone crisis and the fact that countries did not have great control over their own economic policies so he wasn't mincing his words today he also went on to say that the british public felt disillusioned with the european union and felt disappointed with the lack of apparently democracy and they can't ability from all the directives that get handed to other member states from brussels so what are you saying to a lot of people did sound quite confrontational but he was also trying to stress the fact that look please don't denounce britain for having nation you style of thinking should be encouraged and he believes that with this he might be able to make europe a better place. to certainly the speech has been in the making for what because we know what her but i guess at the end of the day there was no avoiding the major issues at hand. or not really because david cameron has been put under a lot of pressure from euro skeptics from within his own party over the last few months they've en
countries will be coming as weaker because of the current situation with the european union and the euro zone crisis and the fact that countries did not have great control over their own economic policies so he wasn't mincing his words today he also went on to say that the british public felt disillusioned with the european union and felt disappointed with the lack of apparently democracy and they can't ability from all the directives that get handed to other member states from brussels so what...
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Jan 25, 2013
01/13
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LINKTV
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a year ago, skepticism about the euro. today, people are happy with what they see. things have improved. there are reasons for that. it is not just a mood swing. there are a least cordial good reasons -- four good reasons. the countries in the south have made real adjustments. exports are growing. the fiscal deficits are getting smaller. that is adjustment of the national level nationthat is necessary. we have much tougher rules on how to coordinate our government policies. there was criticism about the design of the union in europe that monetary policies are the centralized. achilleas if we have coordination. that is better now that used to be. -- that can only work if we have coordination. that is much better now the is to be paid capital has gone up for most banks. we're supporting countries through the imf. there is restructuring in greece and portugal. we have a special program in spain. we have closed some situational gaps in the design of the union. we created the bailout fund. they are doing more things about omt. we work together. ecb provides money if need
a year ago, skepticism about the euro. today, people are happy with what they see. things have improved. there are reasons for that. it is not just a mood swing. there are a least cordial good reasons -- four good reasons. the countries in the south have made real adjustments. exports are growing. the fiscal deficits are getting smaller. that is adjustment of the national level nationthat is necessary. we have much tougher rules on how to coordinate our government policies. there was criticism...
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Jan 24, 2013
01/13
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CNBC
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euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the aussie/dollar shedding 0.5%. apple's first quarter profits were relatively flat. it can still be forecast by looking at the bond wall there. to look at that corporate story which is, of course, driving much of the trade action we're seeing this morning. apple's fourth quarter profits relatively flat. they did beat forecasts. revenues were shy of estimates. it was a record, but it lags to the 50 million figure analysts had i'd. shares in china doubled. ipads are abruftly in line with forecasts. in a break with ra decision,
euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the...
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Jan 25, 2013
01/13
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FBC
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>> yeah, look, i started the week with the impression day one day two that the whole euro crisis and the beginnings of a recovery was one of my early impressions but tail end of the week the common theme that's running through all of that of course is the jobs crisis and especially around youth and youth unemployment. i would tell you that it's on everyone's lips that we're seeing a whole generation of young people, especially here in europe which is a very big topic, but it's also a big problem in the emerging world. i would also say an unintended consequence of america's energy advantages being talked about in nearly every meeting. unintended consequence that america now suddenly won't be buying all this oil. that america won't be sending all their troops. that america won't. i dare say it's been talked about more here than it is in america. liz: let's drill down on that, so to speak. and that is because we are apparently going to be the world leader, take over from saudi arabia as the biggest output nation of oil. to me that is quite fascinating. but you say a disadvantage because
>> yeah, look, i started the week with the impression day one day two that the whole euro crisis and the beginnings of a recovery was one of my early impressions but tail end of the week the common theme that's running through all of that of course is the jobs crisis and especially around youth and youth unemployment. i would tell you that it's on everyone's lips that we're seeing a whole generation of young people, especially here in europe which is a very big topic, but it's also a big...